Can I offset the capital gains from the sale of a long-term stock with the purchase of investment real estate?

by William L. Stunkel, CPA | Jul 24, 2019

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Can I offset the capital gains from the sale of a long-term stock with the purchase of investment real estate? 

The gains from the sale of stock can only be offset with losses from the sale of capital assets, such as other stocks/securities or the sale of real estate. The purchase of other assets, such as real estate or otherwise, do not provide an offset to gains realized when stock or other securities are sold.

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Answered by: William L. Stunkel, CPA, is director of small-business services with Holsinger PC in Wexford, Pa.

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The responses are based on the limited information provided by the questioner and apply the laws and regulations at the time of posting. Other options could arise as rules and regulations may change over time, including but not limited to the passage of the Tax Cuts and Jobs Act of 2017. They are intended to provide general information, not specific accounting or tax advice; they are not intended or written to be used and cannot be used for the purpose of avoiding or evading taxes or penalties under the IRS code or regulations. Views expressed do not imply an opinion of the PICPA, its officers, directors, employees, or members.
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